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500 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1985 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | First Córdoba (1912-1987) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE NICARAGUA 500 QUINIENTOS CORDOBAS 1985 RUBEN DARIO PRESIDENTE DEL BANCO CENTRAL DE NICARAGUA MINISTRO DE FINANZAS DE LA REPUBLICA |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE NICARAGUA 500 QUINIENTOS CORDOBAS Sandino vive NO PASARAN LUCHAMOS PARA VENCER CAMPAÑA NACIONAL DE ALFABETIZACIÓN |
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| Comments |
Nicaragua's 1985 500 Córdobas arrived during a period of catastrophic monetary deterioration — the Sandinista government's deficit spending had pushed inflation into four-digit annual rates by the mid-1980s, making notes of this denomination obsolete almost as fast as they could be distributed. The Canadian Bank Note Company contract was a practical choice; CBN had printed Nicaraguan issues across multiple governments and already held workable plate arrangements for the series.
The watermark is the sole security provision — no security thread, no fluorescent elements. For a high-denomination note circulating in an economy hemorrhaging value, that was thin protection against counterfeiting, though the speed of devaluation arguably made forgery economically pointless.